Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Disclosure of Fair Value and Carrying Value of Debt Instruments

The estimated fair value, as well as the carrying value, of the Company's debt instruments are shown below:


	September 30, 2025		December 31, 2024
Estimated aggregate fair value (1)	$	743.7	$	706.4
Aggregate carrying value (1)		776.0		728.9

(1) Total debt excluding the impact of unamortized debt discount and debt issuance costs.

Schedule of Contingent Consideration Liabilities Measured and Recorded at Fair Value

The following table sets forth the Company’s contingent consideration liabilities measured and recorded at fair value and their presentation on the Condensed Consolidated Balance Sheets:


	Level 3
Balance Sheet Location	September 30, 2025		December 31, 2024
Other current liabilities	$	—	$	—
Other liabilities		5.7		5.7

Summary of Maturity Dates Unit of Measure and Notional Value for Derivative Instruments

The following table summarizes the maturity dates, unit of measure, and notional value for the Company's derivative instruments as of September 30, 2025:


Maturity Date of Derivatives	Currency / Unit of Measure	Notional Value
Interest rate cap (December 2025)	One-month SOFR	$	200.0
Fuel swaps (various through February 2027)	Gallons		5.0

Summary of Derivative Instruments Measured at Fair Value

The following table sets forth the location and fair value of the Company’s derivative instruments as of September 30, 2025 and December 31, 2024 on the Condensed Consolidated Balance Sheets:


	Asset Derivatives					Liability Derivatives
Derivative designated as hedge	Balance Sheet location	September 30, 2025		December 31, 2024		Balance Sheet location	September 30, 2025		December 31, 2024
Interest rate cap - current portion	Prepaid expenses and other current assets	$	—	$	0.2	Other current liabilities	$	0.4	$	1.6
Derivatives not designated as hedge
Fuel swaps - current portion	Prepaid expenses and other current assets		—		—	Other current liabilities		0.1		0.3
Fuel swaps - long-term	Other assets		—		—	Other liabilities		—		0.1

ALTA EQUIPMENT GROUP INC. 10-Q